UNION CITY, Calif.--(BUSINESS WIRE)--Amber Kinetics, Inc., developer of the first commercially available
four-hour duration flywheel energy storage technology, and Enel, one of
the world’s leading integrated utilities with a presence in more than 30
countries across five continents, have signed a two-year agreement to
cooperate on jointly assessing Amber Kinetics’ innovative technology and
to explore the possible development of future projects.

Enel continuously pursues highly efficient, sustainable operations by
means of best available technologies based on a cost-benefit approach.
Toward that goal, the company will measure and demonstrate the
performance of Amber Kinetics’ flywheel energy storage systems,
beginning with two of the company’s M32 model (8kW/32kWh) flywheel
storage systems which will be installed at Amber Kinetics’ test facility
in California.

Upon successful completion of the three-month demonstration, to identify
possible full-scale business applications of the technology, Enel will
evaluate the implementation of Amber Kinetics’ next generation flywheel
energy storage technology, the M160 model (40kW/160kWh), in one of its
thermal power plants.

“We are very excited to be collaborating with a company as
forward-thinking and devoted to sustainable energy as Enel,” noted Ed
Chiao, Amber Kinetics’ co-founder and CEO. “Having such a highly
regarded and financially solid partner will allow us to more rapidly
achieve our vision of providing a work horse option for flexible energy
storage solutions around the globe. We look forward to a highly
productive collaboration.”

Amber Kinetics’ flywheel energy storage systems are currently being
purchased by customers around the world who are seeking to reduce
electricity costs and/or improve unreliable electricity service by
utilizing affordable, sustainable and robust utility-scale and
micro-grid energy storage. The demand is particularly strong in islanded
nations and regions with unreliable to non-existent electricity grids,
where renewable generation plus reliable electricity storage represents
the best option for stable electricity growth.

Headquartered in Union City, CA, Amber Kinetics began shipping its
flywheels commercially in September 2016. To date, the company’s fleet
of demonstration and commercial units has accumulated 19,000+ hours of
continuous run time domestically and abroad. The company has contracted
for 2017 delivery of its flywheel technology to customers in the U.S.,
Australia, Canada, Africa and the Philippines. For more information,
visit www.amberkinetics.com.